First Town Hall meeting of Padma Bank held



news desk, barta24.com
First Town Hall meeting of Padma Bank

First Town Hall meeting of Padma Bank

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Padma Bank Limited on Saturday held its first Town Hall meeting in an effort to set its annual goals for the next banking year, the bank said in a statement.

The board of directors of the bank led by Chairman Chowdhury Nafeez Sarafat, Dr. Jamaluddin Ahmed, FCA, Chairman Janata Bank Limited and senior management took part in the innovative consultation in order to set annual growth, business targets and policies for the year 2020.

Managing Director and CEO of the bank Md. Ehsan Khasru declared the Vision 2020 Road-Map of the bank at the end of the meeting at Bangladesh Bank Training Academy at Mirpur, Dhaka.

Directors including Tamim Marzan Huda and Abu Kaisar were present. CEO and MD of Agrani Bank Mohammad Shams-ul-Islam, CEO and MD of Rupali Bank Obayed Ullah Al Masud and MD of Investment Corporation of Bangladesh also attended the meeting. Senior officials and all 57 managers of Padma Bank branches also took part in the novel brainstorming sessions.

Wrapping up the discussion, which is the first of its kind in the country’s banking sector, Mr. Khasru said they adopted the Vision 2020 Road-Map in an effort to turn Padma Bank into one of the top financial institutions in the country.

“Padma Bank has already turned around thanks to the efforts of the bank’s board of directors and its hard working managers and executives,” Khasru said.

“In the new year, Padma will launch an array of innovative new products on a completely digital platform as part of its efforts to bring modern banking services to the doorstep of the customers,” he said.

“We hope with these new services and products, Padma will very soon reach its desired goals,” he added.

On the occasion 21 executives of the bank were given “Performance Award” for contributing to the business growth of the bank.

Padma Bank is a unique fourth generation bank with majority of its shares being controlled by top four state-run commercial banks of the country and the ICB. It has 57 branches situated in strategic locations across Bangladesh.

press release

   

Exim and Padma Bank are merging



Staff Correspondent, Barta24.com, Dhaka
Photo: Collected

Photo: Collected

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Private Padma Bank is going to merge with Exim Bank. In the meantime, Bangladesh Bank has also been informed about the merger of the two banks.

This decision was taken unanimously in the board meeting of Exim Bank on Thursday (March 14).

Chairman of Exim Bank Nazrul Islam Mazumder confirmed this to the media.

According to a director of Exim Bank, a decision has been taken to merge private Padma Bank with Exim Bank. Soon it will be sent to Bangladesh Bank for permission. It will come into force after the approval of the regulatory body.

The same information was also known from a related official of Padma Bank.

Earlier, Bangladesh Bank had said that weak banks would be allowed to voluntarily merge by December. Failing this, a final decision on them will be taken in March.

Recently, Bangladesh Bank published the Banks Health Index (BHI) and Heat Map. According to that report, Padma Bank is in the red zone and Exim Bank is in the yellow zone.

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Signing agreement of Global Islami Bank Plc with Bangladesh Bank



Staff Correspondent, Barta24.com, Dhaka
Signing agreement of Global Islami Bank Plc with Bangladesh Bank

Signing agreement of Global Islami Bank Plc with Bangladesh Bank

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Two agreements have been signed between Global Islami Bank PLC and Credit Guarantee Department of Bangladesh Bank. The agreement was signed to provide credit guarantee facilities to women entrepreneurs and the agricultural products processing sector with the aim of achieving the desired expansion of small scale industries, job creation and economic growth.

The agreement was signed on Tuesday (March 12) at Jahangir Alam Conference Hall of Bangladesh Bank, Head Office.

Under these two agreements, Global Islami Bank will be able to make unsecured investments in women entrepreneurs and agricultural products processing sector by taking the credit guarantee facility of Bangladesh Bank.

In the presence of Bangladesh Bank Deputy Governor Noorun Nahar and Executive Director Mohammad Jamal Uddin, Managing Director Syed Habib Hasnat on behalf of Global Islami Bank and Nahid Rahman, Director of Credit Guarantee Department on behalf of Bangladesh Bank signed the agreement. Global Islami Bank's Executive Vice President and Head of Investment Division SM Mizanur Rahman was also present on the occasion.

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Positive flow of remittances, more than 6 crore dollars per day



Staff Correspondent, Barta24.com, Dhaka
Photo: Collected

Photo: Collected

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Expatriate income or remittances are in positive trend. In the first 8 days of March, remittances of 51 crore 29 lakh US dollars have arrived in the country. As such, an average of 5 crore 20 lakh 20 thousand dollars of remittances came to the country every day.

This information is known from the updated report of Bangladesh Bank on Sunday (March 10).

According to the data of the Central Bank, in the first 8 days of this month, 51 crore 29 lakh 10 thousand US dollars remittances have arrived in the country. Of this, 5 crore 42 lakh 20 thousand dollars came through the state-owned banks.

Besides, 97 lakh 20 thousand dollars came through specialized banks, 44 crore 90 lakh 10 thousand dollars through private banks and 17 lakh 60 thousand dollars through foreign sector banks.

And last February, 216 crore 60 lakh US dollars remittances came to the country which is the highest of the current financial year.

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SM Mannan Kochi is the new president of BGMEA



Staff Correspondent, Barta24.com
Picture: Collected

Picture: Collected

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The combined council has won all the 35 directorships in the 2024-26 term elections of BGMEA, a body of garment industry owners. As a result, the team leader of this panel, SM Mannan Kochi, is the next president of the organization. None of the other panel forum candidates could win the election.

On Saturday (March 9) polling was held simultaneously in Dhaka and Chattogram. Candidates of the two panels clashed before the start of polling in Dhaka. There was chaos in the polling booth in the afternoon. In the end, 89 percent of voters voted. Counting of votes started after 6 pm. After the counting, Election Board Chairman Jahangir Alamin announced the results at midnight on Saturday.

After the counting of votes, the election board headed by Jahangir Alamin, the former president of BTMA, announced the results. It can be seen that the leader of the Samilita Parishad party SM Mannan has got the maximum 1510 votes.

The winners of the combined council are: Dhaka Region Seha Design Managing Director (MD) SM Mannan, Team Group MD Abdullah Hill Rakib, Classic Fashion Concept MD. Shahidullah Azim, Director of Denim Expert Mohiuddin Rubel, Designtex Knitwear MD Khandaker Rafiqul Islam, Envoy Design Director Shehrin Salam, Fortis Garments MD Shahdat Hossain, Galpex MD. Rezaul Alam, MD Zakir Hossain of Kausar Knitwear, MD of Layla Style Imranur Rahman, Director of Macy's Garments. Ashiqur Rahman, BTP Group MD Miran Ali, Momson Service and Industries MD Nusrat Bari, Nutex Design Director Md. Nurul Islam, MD of Sadma Fashion Wear. Nasir Uddin, Sayem Fashion Director Abrar Hossain, Shasha Garments MD Shams Mahmood, Shin Shin Apparels MD Mohammad Sohail Sadat, Sparrow Group MD Shobhan Islam, Tex Town MD Anwar Hossain, TMS Fashion MD Saifuddin Siddiqui, TRZ Garment Industries MD Haroon Or Rashid, Tusuka Chairman of Fashions Arshad Jamal, MD of Urmi Garments Asif Ashraf, MD of Windy Apparels Mesbah Uddin Khan, MD of Young Forever Textiles Rajiv Chowdhury.

Amheco Fabrics MD M Ahsanul Haque, Argenta Garments Industries MD Mohammad Rakib Al Nasser, High Fashion MD Amjad Hossain Chowdhury, HKC Apparels Rakibul Alam Chowdhury, Madina Garments MD Mohammad Musa, RDM Apparels MD Mostafa Sarwar, Sonnet Textiles were the winners from the Chattogram region of the Combined Council. Director of Industries Gazi Md Shahid Ullah, MD of Top Star Fashion Abzar Hossain and Well Group Director Syed Nazrul Islam.

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